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20120901
20120930
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: quickly moody's is warning that the united states is soon going to face a credit downgrade if they don't deal with this. what would that do to our retirement accounts and mutual funds and stocks if that hand? >> i'm not part of the rating agency. i sold my company to moody's so i have no insider information about the downgrade, but i read carefully what they say and pay close attention to it. and they are pretty clear if we get into next year and can't get a deal and do those things i discussed, they will probably down grade the debt. that won't cataclysmic, but it will hurt. they will download all of the debts. so we will see investment managers having to sell that debt, because they have contractors with investors saying that can't own debt at ratings that are lower than agreed. and that hurts everybody, 401k pension, because we all own stocks and bonds. so this is not a good thing. >> jennifer: all right. mark i really appreciate it. mark zandi, chief economist at moody's analytics. and up next, win the presidency, take back the house, keep the senate? we'll s
a distraction than anything else. the two most restrictive states in the united states governor, had more african-americans and latinos turn out to vote after the voter i.d. law had been put in place. >> i appreciate you trying to tow the party line, but i think it's really clear what the effect of these voter i.d. laws on. i want to get to affirm active action. you say we should end it, because it is taking us backwards rather than advancing people with color as they are unable to move forward without a crutch from the government. there is an affirmative action case before the supreme court now. do you think college admissions should be purely and testing and grades. >> i do. a college also has to take into account diversity. you want a college campus that is reflective of america. i'm also concerned, you look back president kennedy said that race should have no form under the color of law in american life. i think unfortunately his desire to make sure that we had an equal application of the law regardless of your skin color has turned into a quota system. i am not in favor of quotas, of
Search Results 0 to 2 of about 3 (some duplicates have been removed)

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